An order type is an instruction to a stockbroker on how to execute a transaction. The following order types are available on Punch:
Market: An order to buy or sell at the current market price.
Limit: An order to buy or sell at a specified price, instructing the broker not to exceed or drop below this price, as the case may be.
Stop-loss: An order placed to limit losses when there is a concern that prices may move against the trade.